Why Is AXT (AXTI) Stock Down 5.08% Today, Oct 7? Rising Treasury Yields and Semiconductor Selling Weigh on Shares

AXT shares fell ~5% as rising long-term U.S. Treasury yields compressed valuations for rate-sensitive growth stocks and triggered broader semiconductor selling, following an extended AI-linked rally. The move appears macro/sector-driven rather than idiosyncratic, keeping near-term trading sensitive to further yield moves and risk appetite in semis and optical-connectivity supply chains. Investor focus shifts to demand signals and upcoming earnings for confirmation of resilience.